Retirement Income for Life: Getting More without Saving More (Third Edition)
“Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you’re up against and has the answers.” — Rob Carrick, Globe and Mail

Canada’s most trusted resource on retirement income is now updated for tumultuous times.

As the global economy faces uncertainty in the face of high inflation — at levels not seen since the 1980s — individuals in retirement or near to it are understandably anxious about their long term-prospects. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life.

This completely revised and updated third edition:
  • Explains how higher interest rates and higher inflation present both new opportunities and new challenges to retirees
  • Illustrates how the expansion of the CPP (which started in 2019) will affect upcoming retirees
  • Examines the impact of inflation on the deferral of CPP and OAS pensions
  • Explores whether life annuities are still relevant and asks whether there are better products on the market
  • Provides a revamped retirement calculator

Actuary Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice. With over one thousand Canadians turning 65 every day, the cultivation of good decumulation practices — the way in which you draw down assets in retirement—has become an urgent matter that no one can afford to ignore.
1137152545
Retirement Income for Life: Getting More without Saving More (Third Edition)
“Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you’re up against and has the answers.” — Rob Carrick, Globe and Mail

Canada’s most trusted resource on retirement income is now updated for tumultuous times.

As the global economy faces uncertainty in the face of high inflation — at levels not seen since the 1980s — individuals in retirement or near to it are understandably anxious about their long term-prospects. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life.

This completely revised and updated third edition:
  • Explains how higher interest rates and higher inflation present both new opportunities and new challenges to retirees
  • Illustrates how the expansion of the CPP (which started in 2019) will affect upcoming retirees
  • Examines the impact of inflation on the deferral of CPP and OAS pensions
  • Explores whether life annuities are still relevant and asks whether there are better products on the market
  • Provides a revamped retirement calculator

Actuary Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice. With over one thousand Canadians turning 65 every day, the cultivation of good decumulation practices — the way in which you draw down assets in retirement—has become an urgent matter that no one can afford to ignore.
26.95 In Stock
Retirement Income for Life: Getting More without Saving More (Third Edition)

Retirement Income for Life: Getting More without Saving More (Third Edition)

by Frederick Vettese
Retirement Income for Life: Getting More without Saving More (Third Edition)

Retirement Income for Life: Getting More without Saving More (Third Edition)

by Frederick Vettese

Paperback(3rd Edition)

$26.95 
  • SHIP THIS ITEM
    Qualifies for Free Shipping
  • PICK UP IN STORE

    Your local store may have stock of this item.

Related collections and offers


Overview

“Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you’re up against and has the answers.” — Rob Carrick, Globe and Mail

Canada’s most trusted resource on retirement income is now updated for tumultuous times.

As the global economy faces uncertainty in the face of high inflation — at levels not seen since the 1980s — individuals in retirement or near to it are understandably anxious about their long term-prospects. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life.

This completely revised and updated third edition:
  • Explains how higher interest rates and higher inflation present both new opportunities and new challenges to retirees
  • Illustrates how the expansion of the CPP (which started in 2019) will affect upcoming retirees
  • Examines the impact of inflation on the deferral of CPP and OAS pensions
  • Explores whether life annuities are still relevant and asks whether there are better products on the market
  • Provides a revamped retirement calculator

Actuary Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice. With over one thousand Canadians turning 65 every day, the cultivation of good decumulation practices — the way in which you draw down assets in retirement—has become an urgent matter that no one can afford to ignore.

Product Details

ISBN-13: 9781770417175
Publisher: ECW Press
Publication date: 01/02/2024
Edition description: 3rd Edition
Pages: 264
Sales rank: 768,232
Product dimensions: 6.00(w) x 9.00(h) x 0.70(d)

About the Author

Frederick Vettese was chief actuary of Morneau Shepell for 27 years before turning his attention to the challenges faced by Canadians as they approach retirement. Vettese has written over 100 articles and op-eds for the Globe and Mail and the National Post alone. He is also the author of The Rule of 30. He lives in Toronto, Ontario.

Table of Contents

  • List of Tables and Figures
  • Preface
  • Introduction
  • Part I: Identifying the Decumulation Problem
    • 1: Who Should Read This Book?
    • 2: The Thompsons Are Ready to Retire
    • 3: The Thompsons Face Financial Ruin
    • 4: Coping with Spending Shocks
    • 5: Improving on the 4-Percent Rule
    • 6: Withdrawal Strategies to Avoid
    • 7: Investment Risk
    • 8: What if You See a Black Swan?
    • 9: Where the Thompsons Stand
  • Part II: A Five-Part Solution
    • 10: Enhancement 1: Reducing Fees
    • 11: Enhancement 2: Transfer Risk to the Government
    • 12: Why So Few People Defer Their CPP Pension
    • 13: Enhancement 3: Transfer Even More Risk
    • 14: Progress Report
    • 15: Enhancement 4: Knowing How Much Income to Draw
    • 16: Enhancement 5: Have a Backstop
  • Part III: Exploring Other Situations
    • 17: What if You Die Early On?
    • 18: Super-Savers and YOLOs
    • 19: How Early Retirement Changes Everything
    • 20: Not Yet Ready to Retire?
    • 21: Complex Situations
    • 22: High-Net-Worth Couples
    • 23: Tax-Sheltered vs. After-Tax Assets
    • 24: Retiring Single
    • 25: Where Do Bequests Fit In?
  • Part IV: Making It Happen
    • 26: Lingering Doubts?
    • 27: Making the Strategy a Reality
    • 28: A Message for Employers
  • Appendices
    • Appendix A: Summary of Takeaways
    • Appendix B: Summary of LIFs and RRIFs
    • Appendix C: Details on Using PERC
    • Appendix D: Quirky CPP Rules You Should Know About
    • Appendix E: Why the Income Target Is Not 70 Percent
  • Acknowledgements
From the B&N Reads Blog

Customer Reviews